EURUSD

The EURUSD pair is experiencing significant volatility due to global trade tensions stemming from Trump's 145% tariffs on China. The pair is showing a strong upward trend, trading today with a 2.24% increase near the 1.1200 level. As Trump announced a tariff policy that grants a 90-day delay for other countries while raising customs duties on China from 104% to 125% and then to a total of 145%, intense selling pressure has emerged on the dollar. The expectation of a 25 basis point interest rate cut at the European Central Bank's meeting on April 17 and the Fed's inflation concerns stemming from tariffs have shifted the balance in favor of the Euro. The inflation data released in the US falling below market expectations (CPI dropped to 2.4%) accelerated the weakening of the dollar. Technically, the pair is fluctuating in the short term within the 1.1150-1.1280 range, with closures above 1.1280 indicating a three-year peak. As uncertainties in the trade war continue, some major investment banks have raised their 12-month forecast for EUR/USD to 1.14.